Minnesota's chief labor market analyst said he is concerned that the nation's recent jobs report could signal weakness in the state's employment numbers, due out this week.
If recent patterns hold, a report out Wednesday morning will likely show Twin Cities home prices continued to rise in March. In the past few months, prices have jumped as much as 16 percent over the same period last year. But real estate experts and professionals disagree on how long prices will continue to rise so sharply.
Job candidates might be nervous about efforts by potential employers to look for them on social networking websites like Facebook or Twitter. Unless applicants have strict settings on their social media accounts, they may broadcast revealing details about their lives, including their drinking habits, political views, weight, race and marital status. Such information makes some employers nervous.
Narayana Kocherlakota's formal outlook has not changed but he is sanguine about the economy's ability to withstand troubles in Europe and uncertainties at home.
Unemployment insurance taxes from businesses would be slashed by a total of nearly $350 million under Gov. Mark Dayton's revised budget proposal.
In the wake of the Great Recession, some employers are choosing to use independent contractors instead of hiring permanent employees. But that cost savings strategy can result in lawsuits or hefty fines. Federal agencies and private law firms are going after businesses that misclassify employees as contractors as a way to save money.
Minnesota's economy added 14,500 jobs last month, and January's tally was revised upward by another 1,400 jobs.
Twin Cities home sales faltered in February, dropping about 5 percent from the same month a year earlier.
Job openings posted online dipped in February, nationwide and in Minnesota according to the latest report from The Conference Board.
Job recovery in Minnesota is further along than thought. The Minnesota Department of Employment and Economic Development has issued revisions to the state's job numbers going back almost two years. The new numbers suggest that in another month or two, Minnesota's payroll levels will return to their pre-recessionary peak.
Minnesota's employers added about 12,000 new jobs in January, which helped put the state's job market 90 percent of the way back to pre-recession levels.
The new state budget forecast indicates Minnesota's job market will grow modestly and employment could finally return to pre-recession levels this year. The review out yesterday says federal spending cuts taking effect today threaten relatively few jobs in Minnesota. But political uncertainty continues to be a damper on growth.
Across-the-board federal budget cuts known as the sequester are unlikely to derail the state's economy, says Tom Stinson, state economist.
Home prices in the Twin Cities finished 2012 with their strongest gains in more than a decade, according to a new report Tuesday.
Minnesota's community banks enjoyed some financial gains in 2012, according to a report from the Federal Reserve Bank of Minneapolis. But it was not a banner year.